News

On basis of copper find Value of Aur, Louvem soars

A massive sulphide discovery on a disputed Val d’Or, Que. property held by Toronto-based Aur Resources (TSE) and Louvem Mines (TSE) sparked a flurry of buying activity as investors raced to buy up sha…



FINANCING (June 19, 1989)

VANCOUVER Cons Trout Lake — gross proceeds rec $175,000. Rio Gold Mining — 560,000 sold for gross $448,000. Ezekiel Expls — 250,000 sold for gross $87,500. Big Strike Res — opt exerc on 162,500 @ …


Companies honored for reclamation programs

Five British Columbia companies were honored for their reclamation programs at the mine reclamation symposium held earlier this month in Vernon, B.C. “These awards recognize first- class research, inn…


St. Genevieve buying Pamorex interest in bet

A letter of agreement has been signed between St. Genevieve Resources (TSE) and Pamorex Minerals (TSE) whereby St. Genevieve will acquire the 50% interest of the latter in the Granada property in Rouy…



Metall offering filed but size not available

Toronto-based Metall Mining (TSE) recently filed a preliminary prospectus for a public offering of subordinated convertible debentures. Metall said the debentures will be convertible into common share…


IOCC GOLD OPTIONS (June 19, 1989)

Options Open Series Volume Last Interest Aug 370 C . 158 7.00 552 Aug 380 C . 999 4.00 1,792 Aug 390 C . 261 2.50 1,690 Aug 400 C . 167 1.50 2,570 Aug 420 C . 187 1.00 1,49…


Editorial Universality will break the country

If the Canadian government is ever going to gets its deficit whittled down, it is going to have to take more drastic action on spending cuts than it has. There’s no way any impact can be made by makin…


Guinness, Power release results

Partial assay results were released recently from the Guinness Gold (ASE), Power Exploration (TSE) joint venture project at Randall Lake in northwestern Ontario. Under an agreement, Guinness is entitl…


Obituary (June 19, 1989)

Daniel Audet, a well-known and respected prospector, died recently after a lengthy illness. Born in 1908, Audet prospected throughout Canada, particularly in Ontario and Quebec. In 1985 he was named “…


Giant Yellowknife has plans for Akaitcho

An agreement to provide for the exploration and possible development of the Akaitcho mine property at Yellowknife, N.W.T., has been entered into by Giant Yellowknife Mines (TSE) and Supercrest Mines. …


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